FOR IMMEDIATE RELEASE

September 27, 2002

CONTACT: Peter Hollenbach202-691-3502

The Departments of Treasury and Housing and Urban Development announced today the call of
all Federal Housing Administration (FHA) insurance fund debentures with an interest rate of
6.25 or above outstanding as of September 30, 2002. Debentures issued with a debenture lock
agreement are not subject to the call. Debentures registered on the books of Bureau of the
Public Debt as of September 30, 2002 are considered “outstanding”. The date of call for the
redemption of approximately $175 million in debentures is January 1, 2003, with the semi-
annual interest due January 1, 2003 paid along with the debenture principal.

Debenture owners of record as of September 30, 2002, will be notified by mail of the call.
No transfers in debentures covered by the call will be made on the books of the U.S. Treasury
on or after November 15, 2002. Should investors have questions they should contact the Bureau
of the Public Debt's Division of Special Investments at (304) 480-5299.